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Realities of Forex Investment
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mnandii
#2971 Posted : Thursday, October 02, 2014 8:27:26 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
alutacontinua wrote:
mnandii wrote:
alutacontinua wrote:
GBPJPY finally abt to break out after weeks of consolidation, NZD on the verge of FX intervention by RBNZ, Rumours of SNB starting to interevene, USD still well bid going into ECB and NFP. Should be an interesting end to the week. Safe to say volatility is back smile

On GJ looks like a false breakout downward. A turn upward likely by today. Will look for opportunity to go long.


@mnandii still gonna hold short in the interim and wait for 108.20 to give on USDJPY on the back of equities sliding.

In other news, YM has been an absolute pleasure to trade intraday this week as dip buyers and algos have had it given to them. Flight to bonds yesterday was also a telling sign as safe haven flows are starting to sturr things up. Tomorrows NFP should be very interesting to say the least smile


You are right. smile
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2972 Posted : Thursday, October 02, 2014 8:29:14 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


A nice shorting opportunity coming up in $JPY. About 800 pips Drool
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2973 Posted : Friday, October 03, 2014 6:34:19 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:


A nice shorting opportunity coming up in $JPY. About 800 pips Drool

All the rules and guidelines of wave formation have been adhered to. Including channelling and throw-over. i.e you can see that at wave (5) on upper right corner, the channel is slightly penetrated to upside.



An Elliott Wave trader looking for long term opportunity would wait for price to rise to either 50% or 61.8% level then short with a SL at 110.09.

Short term, price should drop to slightly below 108 in wave B. Then rise to about 109.29 or 109.64. Also nice opportunities. The B wave should give about 80 pips and the C wave about 130 pips.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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hisah
#2974 Posted : Friday, October 03, 2014 4:52:51 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
mnandii wrote:
A/U, G/U , E/U look ready for a strong rise to day.

I hope you are not planning to hold on for too long on the GBP longs. This GBP things be cautious. Likely scope for 1.6050 to be rested and broken down towards 1.58! The referendum outcome is clouding judgement. GBP futures in Aug shows a sizable sellside bet.

Aussie and Kiwi are caught up in the commodities sellside crossfire. Staying long is dangerous biz.


Nice trades today post NFP. Though a bit uncomfy on my Dow short. If Dow spikes above 17050 I'll be forced to bail the short. FTSE short though is working fine. Short Dow and FTSE have been running since Sept 23rd.

GBP$ as expected retests and breaks below 1.6050 and crashes past 1.60 handle. Scope still points to bearish pressure targets 1.58. All the referendum hopium has been erased. There is a pending housing issue in GBP and if it boils over next year GBP will slide badly...

Gold cracks below 1200 handle. Expected as bearish commodo theme continues in 2014 as USD gets muscular. WTI is still dancing with support at $90 handle. Break below target $80 and lower! Being long commodo currencies is suicidal.

From the look and feel of the anti-dollar theme since GFC and 2011 S&P US credit downgraded, USD strength is just starting?!? The USD bears have had a ball for 6yrs and winding up those extreme sided trades will not be funny as the trend shifts.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Sufficiently Philanga....thropic
#2975 Posted : Friday, October 03, 2014 6:17:46 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
mnandii wrote:
A/U, G/U , E/U look ready for a strong rise to day.

I hope you are not planning to hold on for too long on the GBP longs. This GBP things be cautious. Likely scope for 1.6050 to be rested and broken down towards 1.58! The referendum outcome is clouding judgement. GBP futures in Aug shows a sizable sellside bet.

Aussie and Kiwi are caught up in the commodities sellside crossfire. Staying long is dangerous biz.

Nice call @Hisah on G$.
Still an E$ bear. I agree with you on the Aussie and Kiwi weakness going forward vs USD should commodos continue to shed weight. Happy to see G$ fall below1.6
Been a long wait from the 1.6523 highs post indyref.
#BetterTogethersmile Remember that? I was on the YES camp!
@SufficientlyP
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  | | Edit by user: Friday, October 03, 2014 6:49 PM | Reason: Not specified
mnandii
#2976 Posted : Friday, October 03, 2014 8:05:14 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Sufficiently Philanga....thropic wrote:
hisah wrote:
mnandii wrote:
A/U, G/U , E/U look ready for a strong rise to day.

I hope you are not planning to hold on for too long on the GBP longs. This GBP things be cautious. Likely scope for 1.6050 to be rested and broken down towards 1.58! The referendum outcome is clouding judgement. GBP futures in Aug shows a sizable sellside bet.

Aussie and Kiwi are caught up in the commodities sellside crossfire. Staying long is dangerous biz.

Nice call @Hisah on G$.
Still an E$ bear. I agree with you on the Aussie and Kiwi weakness going forward vs USD should commodos continue to shed weight. Happy to see G$ fall below1.6
Been a long wait from the 1.6523 highs post indyref.
#BetterTogethersmile Remember that? I was on the YES camp!

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2977 Posted : Friday, October 03, 2014 8:06:56 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Sorry guys on $JPY. I was one step ahead. One more high required before the shorting opportunity. Will post updated chart.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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hisah
#2978 Posted : Saturday, October 04, 2014 1:41:51 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Market manipulation continues. But until the day the big boys are jailed, this small fish jailing is just a joke.

http://www.bloomberg.com...ty-market-spoofing-.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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whiteowl
#2979 Posted : Saturday, October 04, 2014 9:29:35 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
[quote=hisah]Market manipulation continues. But until the day the big boys are jailed, this small fish jailing is just a joke.

http://www.bloomberg.com...y-market-spoofing-.html[/quote]
Some big boys pocket upto $300 million/year so yeah,catching a guy who makes $1.6 million is a big joke.
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hisah
#2980 Posted : Monday, October 06, 2014 3:19:26 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
KES, Kwacha and Naira now tradable on JSE futures. Will definitely be playing this derivatives market smile

JSE derivatives trading fee schedule - http://ow.ly/Ck1En

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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